For SaleCondominiumLeasehold land

New Tokiwamatsu Mansion

Higashi 1-chome, Shibuya-ku, Tokyo
  • Office use allowed
  • Corner unit
Asking Price
¥123,000,000
Est. Net Yield: 5.45%
New Tokiwamatsu Mansion - 1/3
1 / 3

Executive Summary

This RC condominium building, built in September 1972 and standing 8 stories above ground, is located in Higashi 1-chome, Shibuya-ku, Tokyo. It is located a 7-minute walk from Shibuya Station on the Yamanote Line. The unit is a southwest-facing corner unit on the 5th floor, featuring a 3LDK layout with a floor area of 104.8㎡ and a balcony area of 9.78㎡. It is equipped with amenities such as a system kitchen, dishwasher, bathroom dryer, reheating function, walk-in closet, elevator, and delivery box, and renovations were completed in March 2026. The land rights are under the former superficial rights for a term of 60 years, and the zoning consists of a Commercial Zone and Category II Medium-and-High-Rise Residential Zone. The current status is vacant, allowing for immediate delivery. Office use is permitted, and there is no parking space available.

Property Details

Building Area
104.8 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1972
Floors
Floor 5 of 8
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥7,130,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Land rights
Superficies right (former Act)
Ground rent
¥11,900 per month
Lease term
60 yr
Zoning
Commercial zone / Category 2 mid/high-rise residential zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
69 units

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Est. Gross Yield5.8%
Est. Net Yield5.45%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.80%
Est. Net Yield
5.45%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥124,840,000+¥6,700,000¥8,550,0006.5%0.2%
2yr¥126,720,000+¥13,410,000¥17,120,00013%3.4%
3yr¥128,620,000+¥20,110,000¥25,730,00019.6%4.5%
4yr¥130,550,000+¥26,810,000¥34,360,00026.2%5%
5yr¥132,510,000+¥33,520,000¥43,020,00032.8%5.3%
6yr¥134,490,000+¥40,220,000¥51,710,00039.4%5.5%
7yr¥136,510,000+¥46,920,000¥60,430,00046%5.6%
8yr¥138,560,000+¥53,630,000¥69,190,00052.7%5.7%
9yr¥140,640,000+¥60,330,000¥77,970,00059.4%5.7%
10yr¥142,750,000+¥67,030,000¥86,780,00066.1%5.8%

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥8,285,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥4,125,000
Real Estate Acquisition Tax (est., rate varies by property type)¥2,210,000
Registration License Tax (title transfer)¥1,100,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥790,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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